Japanese electronics firm Epson, which manufactures printers and imaging equipment, is eyeing a business of Rs 350 crore from its projector line in India.
The firm saw a 50 per cent jump in revenues during FY17, recording earnings of RS 306 crore, up from Rs 200 crore in the previous year.
Epson has a market share of 27.6 per cent in the projector business (volume) in the country. The size of the projector market is estimated at 2.4 lakh units, with the price tag ranging from Rs 3,000 to Rs 70 lakh.
“Our global share in the number of units sold is 35.5 per cent. We would like to achieve a similar share in India too. We are expecting a volume growth of 10 per cent this financial year,” Pravin Adaikkalam, Epson India Director (Visual Products) told BusinessLine.
Though the Indian project market has over 50 players, about 70-80 per cent of the market is dominated by 5-6 players.
“The market is growing beyond the metros and top cities. The projector market sees ups and downs. After a lull, it is grew by 5.1 per cent last year,” he said.